Which of the Following Statements Is Correct

question 113

Multiple Choice

Which of the following statements is correct?

• A) A service company does not have Cost of Goods Sold account because it does not sell goods.
• B) A service company does have a Cost of Goods Sold account because it sells a service.
• C) A merchandising company does not have a Cost of Goods Sold account because it does not sell goods.
• D) A merchandising company does not have a Cost of Goods Sold account because it only sells a service.

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Definitions:

Healthier Alternative

An option considered to be better for physical or mental well-being compared to another, potentially harmful one.

Emotional Balance

The ability to manage emotions effectively, maintaining equilibrium between positive and negative feelings.

Emotional Expressivism

The theory or practice of expressing one's emotions freely and openly as a form of therapy or personal development.

Emotional Exhaustion

A state of feeling emotionally drained, overwhelmed, and depleted of one's emotional resources due to prolonged stress or frustration.